Personal loans in Connecticut
Consumer lending in Connecticut is regulated by the Connecticut Department of Banking. Below are the sourced rules that affect what a lender can charge you, followed by the cities we cover.
Lending rules in Connecticut
| Payday lending | No specific payday lending statute; lenders must comply with the state's interest-rate cap on consumer loans, which effectively bars high-cost payday lending. NCSL lists this jurisdiction among those with no specific payday lending statute and/or an applicable consumer-loan rate cap.Source: National Conference of State Legislatures · as of 2023 |
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| Small-loan / installment licensing | Consumer lenders must obtain a state license (Yes; if interest rate is greater than 12% per year). Statutory basis: Conn. Gen. Stat. §§ 36a-555 et seq. Licensing administered through NMLS: Yes.Source: Conference of State Bank Supervisors · as of 2026 |
| Interest rate cap (usury limit) | Usury limit: 12% (Conn. Gen. Stat. § 37-4). Finance rates and fees for licensed lenders: The lesser of 36% or the maximum APR permitted under the Military Lending Act (currently 36%) on a loan under $5,000 25% on a loan of $5,000-$15,000. CSBS 50-state survey of consumer finance laws; state-verified usury catalog.Source: Conference of State Bank Supervisors · as of 2026 |
| Consumer lending regulator | Consumer lenders in Connecticut are licensed and supervised by the Connecticut Department of Banking.Source: Conference of State Bank Supervisors · as of 2026 |
| Debt collection rules | Third-party debt collectors must comply with the federal Fair Debt Collection Practices Act (FDCPA), 15 U.S.C. § 1692 et seq.; state consumer-protection and debt-collection enforcement is handled by the Connecticut Office of the Attorney General. The FDCPA expressly authorizes state attorneys general to enforce it (15 U.S.C. § 1692l). Some states also require collection agencies to be licensed.Source: Connecticut Office of the Attorney General · as of 2026 |
| Military lending protections | The federal Military Lending Act (MLA) caps the Military Annual Percentage Rate (MAPR) at 36% for consumer credit extended to active-duty service members, their spouses and certain dependents, and bars mandatory arbitration and prepayment penalties on covered loans. Federal protection that applies nationwide, including in this state.Source: Consumer Financial Protection Bureau · as of 2024 |
| Complaint / licensing lookup | Check whether a lender holds a state license through NMLS Consumer Access (nmlsconsumeraccess.org) or the Connecticut Department of Banking; consumers can file complaints with the Connecticut Department of Banking or the CFPB at consumerfinance.gov/complaint.Source: Nationwide Multistate Licensing System (NMLS) Consumer Access · as of 2026 |
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Cities in Connecticut
BridgeportHartfordNew HavenNorwichWaterburyDanburyStamfordNorwalkNew BritainMeridenBristolWest HavenMilford cityMiddletownSheltonTorringtonNaugatuckNew LondonWallingford CenterAnsoniaWillimanticStorrsDerbyTrumbull CenterKensingtonOakvilleConning Towers Nautilus ParkSandy HookRiversideLong HillGlastonbury CenterThompsonvilleSouthwood AcresRockvilleNew CanaanStaplesCos CobOld GreenwichWinstedNorthfordSimsbury CenterHazardvilleCheshire VillageBranford CenterDaniels FarmSherwood ManorNorotonPawcatuckLake PocotopaugTerryvilleByramLong HillQuinnipiac UniversityStafford SpringsMysticEast VillageHeritage VillageDanielsonBroad BrookOronoqueCollinsvilleColeytownTashuaOld MysticJewett CityCompoStepneyPemberwickMoosupNianticNorthwest HarwintonLordshipOld HillWest SimsburyGlenvilleSaugatuckGreens FarmsFairfield UniversityDeep River CenterEssex VillageWestport VillageNoroton HeightsBlue HillsTokenekeBall PondGuilford CenterOxoboxo RiverCrystal LakeRidgeburyWestbrook CenterSalmon BrookWeatogueEast BrooklynCoventry LakeOld Saybrook CenterWilton CenterPlainfield VillagePlantsvilleSuffield DepotBethlehem VillageHigganumMill PlainStratford DowntownSouthportTariffvilleMadison CenterMoodusChester CenterWoodmontPoquonock BridgeSouth CoventrySouth WindhamGeorgetownLakes EastSouth WoodstockPoplar PlainsCanton ValleyWoodbury CenterLakes WestNoankWaureganMansfield CenterSouth WiltonNorth GranbyBalticCanaanQuinebaugSacred Heart UniversitySaybrook ManorNorth Grosvenor DaleDarien DowntownInglenookNew Hartford Center
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